How do self-employed individuals develop and transform into companies?

Relevant national policies and procedures:

Step 1: Pre-approval of enterprise name. The materials to be submitted include: ① Application for transformation and upgrading of individual industrial and commercial households into enterprises. ② Application for pre-approval of enterprise name. ③ Copy of business license of individual industrial and commercial households. (4) Copy of the ID card of the investor (partner)

Step 2: The materials to be submitted for cancellation of registration of individual industrial and commercial households include:

(1) the enterprise name pre-approval notice. ② Application for Cancellation of Registration of Individual Industrial and Commercial Households signed by the applicant. ③ Original and photocopy of business license of individual industrial and commercial households.

Note: Notice of Cancellation of Registration of Individual Industrial and Commercial Households is issued by the industrial and commercial department.

Step 3: Establish registration (encourage applicants to enter the "three certificates in one" registration procedure):

Individual operators and limited liability companies have different requirements in financial accounting. When a self-employed person is transformed into a limited liability company, the old account (self-employed account) shall be terminated, a new account (limited liability company account) shall be established, and the data in the old account shall be transferred to the new account as required.

The specific related policies are documents, as shown in the figure: /article_view.aspx? aid= 1609

Changes in accounting system: Self-employed individuals and limited liability companies have different requirements in financial accounting. If a self-employed person is transformed into a limited liability company, the old account (self-employed account) should be closed, a new account (limited liability company account) should be established, and the data in the old account should be transferred to the new account as required. According to the relevant provisions of accounting, fixed assets without invoices can be valued at "replacement cost".